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BSLI Bachat (Endowment) Plan
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| At Birla Sun Life Insurance we understand that while you are working to provide for your family you also want to save for your future. You want to be able to provide for your child's education, to buy a house or other needs in the future. |
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| How can you provide for these? |
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Save regularly over 10 – 15 years
Small affordable saving amounts
Have Safety and liquidity of savings
Financial security for your family's future |
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| How do various investment avenues help you save for your goal? |
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| There are a range of investment avenues available, but you need to identify and pick the one that suits your needs. Here's a quick look at what few investment avenues can offer you: |
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Safety |
Small Savings |
Liquidity |
Life Cover |
| Bank Fixed Deposits |
Yes |
Yes |
No |
No |
| Public Provident Fund |
Yes |
Yes |
No |
No |
| Post Office Time Deposits |
Yes |
Yes |
No |
No |
| National Savings Certificates |
Yes |
Yes |
No |
No |
| BSLI Bachat (Endowment) Plan |
Yes |
Yes |
Yes |
Yes |
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| BSLI Bachat (Endowment) Plan is a regular savings plan that provides you a lump sum and life protection. |
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| Here's how BSLI Bachat (Endowment) Plan works: |
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| What you choose: |
What you receive: |
Convenient base premium amount:
Band 1: Rs. 400 – Rs. 599 per month
Band 2: Rs. 600 – Rs. 899 per month
Band 3: Rs. 900 and above
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Life cover to financially secure your family
Premium Rebates:
Annual = 4%
Semi-Annual = 2%
On Maturity, you get a lump sum which can be used for your goals
Liquidity of savings so you can access your money any time
Option to double life cover for a nominal additional premium for enhanced financial security |
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| For Bachat Endowment Plan, the Bachat Addition Rate is used to determine the Bachat Addition a client will earn during the upcoming year. |
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| Band |
I |
II |
III |
| For policies with MBP (in Rs.) |
400 to 599 |
600 to 899 |
900 + |
| Bachat Addition Rate (as of April 1,2011) |
5.00% |
5.25% |
5.50% |
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| What are your benefits with BSLI Bachat (Endowment) Plan? |
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Maturity Benefit:
On maturity, you will receive:
All Monthly Base Premiums paid + All Bachat Additions earned + Loyalty Addition |
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Death Benefit:
In the unfortunate event of death, the nominee will receive:
All Monthly Base Premiums paid (or Sum Assured, if higher) + All Bachat Additions earned + Loyalty Addition |
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Surrender Benefit:
On surrender, you will receive:
All Monthly Base Premiums paid from the 2nd year onwards x the surrender factor below; plus
After the 10th policy year, all Bachat Additions earned; plus
After the 15th policy year, the Loyalty Addition |
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| The surrender factor is 100% after completing 10 policy years, otherwise it is |
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Policy Year of Surrender
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3 |
4 |
5 |
6 |
7 |
8 |
9 |
10+ |
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Surrender Factor
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30% |
40% |
50% |
60% |
70% |
80% |
90% |
100% |
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| Here's how your Surrender Benefit works: |
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| Let's take a look at the surrender benefits under different premium bands, assuming that the premium are paid annually and earn 4% rebate: |
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| Band |
I |
II |
III |
| MBP Range (in Rs.) |
400 to 599 |
600 to 899 |
900 + |
| Bachat Addition Rate |
5.00% |
5.25% |
5.50% |
| MBP chosen by you |
500 |
750 |
1,000 |
| MBP x 12 |
6,000 |
9,000 |
12,000 |
| Annual Premium paid by you |
5,760 |
8,640 |
11,520 |
| Surrender Benefit |
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| After 10 years |
70,500 |
106,988 |
144,300 |
| After 15 years |
130,800 |
200,561 |
273,336 |
| After 20 years |
216,075 |
333,923 |
458,642 |
| Surrender Benefit / Total Premiums Paid |
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| After 10 years |
122% |
124% |
125% |
| After 15 years |
151% |
155% |
158% |
| After 20 years |
188% |
193% |
199% |
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| Accidental Death Benefit – Optional Rider for Entry Ages 18 to 50 |
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| For an extra 1.2% of MBP additional Sum Assured is paid in case of accidental death. |
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- Extra 180 x MBP payable in case death is accidental for entry ages 18 to 40.
- Extra 120 x MBP payable in case death is accidental for entry ages 41 to 50.
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| Plan Summary |
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Age at Entry: 30 days – 60 years
Policy Term: 20 years
Premium Pay Term: 20 years
Monthly Base Premium: Rs. 400 – Rs. 5,000
Sum Assured: Upto 180 times Monthly Base Premium |
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| The Sum Assured depends on the Entry Age as follows: |
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| Entry Age |
0 to 40 |
41 to 50 |
51 to 60 |
| Sum Assured |
180 x MBP |
120 x MBP |
60 x MBP |
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| Now you can build a corpus through regular systematic savings through additions every year at maturity. With BSLI Bachat (Endowment) Plan, ensure and protect your family's dreams and aspirations by saving as little as Rs. 400 per month. |
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| Disclaimers |
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Benefits are guaranteed throughout the policy term except for the Bachat Additions which will vary based on the rates declared by the company from time to time. Tax benefits are subject to changes in tax laws. Insurance is the subject matter of the solicitation. For more details on terms and conditions please refer product brochure
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| UIN no.109N056V01 |
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| Access your account details by Login as |
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Policy Owner /
Group Owner /
Group Member
Insurance Advisor /
Channel Partner /
Corporate Agent /
Business Mentor /
Broker /
TDP Relationship Manager
Agency Manager /
Business Dev Manager /
Business Partner
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